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INVESTimate
$249,900
List Price
$71,974
REQUEST INFO
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PROPERTY INFO
FACTS
- Built In 2005
- Price/Sqft : $130.77
- 2 Days on Market
- MLS # : 6122243
- Updated Date : 08/25/2020 at 17:59
CONSTRUCTION
- Beds : 3
- Floor Size : 1,911 sqft
- Baths : 2 full
Listing Agent
Lanier Real Estate, Llc
Listing Agent's Description
Spectacular single-level home with a pool in Maricopa Meadows! This 3 bed/2 bath home features an open floor plan, ample natural light, striking wood-look tile in all the right places, and new carpet in the bedrooms. The kitchen boasts new quartz countertops, exquisite cabinetry, and new stainless steel appliances. Out back, stay cool in the sparkling pool, a rare find in the neighborhood. Welcome home!
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PRICE & RENT TRENDS
Zip Code: 85139
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 85139
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
INCOME | Rent | $1,290 |
EXPENSES | Loan Payment | -$922 |
Property Tax | -$230 | |
Property Insurance | -$64 | |
HOA | -$73 | |
Property Management Fees | -$99 | |
CASH FLOW
-$99
|
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.
$249,900
PROJECTED PRICE
$1,290
PROJECTED RENT
0.52%
PROJECTED RENT / PRICE RATIO
Expense Inflation | 2.50% |
Rental Growth Year (1-5) | 3.35% |
Appreciation Year (1-5) | 7.30% |
Maintenance Year (1-5) | 8.00% |
Vacancy | 6.24% |
Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$71,974
LOAN DETAILS
$922
MONTHLY LOAN PAYMENT
Term | 30 Years |
Interest | 4.25% |
Down Payment | $62,475 |
Loan Amount | $187,425 |
3.42
YEARS SAVED
$8,510
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,290
LIST RENT -
$0.68
LIST RENT PER SQFT
-
$1,385
COMP ESTIMATED VALUE -
$0.73
COMP AVG. RENT PER SQFT
Comps Range
PROPERTY LISTING DETAILS
Lanier Real Estate, Llc
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6122243
Last Updated: 08/25/2020

Indicates a property listed by a real estate brokerage other than HomeUnion/Investimate by Mynd. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.